Some six months on from his appointment as Carrefour chief executive, now is the time for Alexandre Bompard to prove his mettle.
Carrefour has just posted a 1.6% increase in like-for-like sales for full year 2017, which is down from the 3.0% increase it posted in 2016. France, its home market, was up 0.8% on a like-for-like basis, albeit marginally down (-0.1%) at constant currency levels.
In what was a positive turn for the retailer, fourth quarter sales were up 1.9%, which was an improvement on the 0.5% increase the retailer posted in the third quarter, and an indication that 'Bompard effect' might now be kicking into gear.
